Duke Energy Corporation (DUK) Bundle
An Overview of Duke Energy Corporation (DUK)
General Summary of Duke Energy Corporation
Duke Energy Corporation (DUK) headquartered in Charlotte, North Carolina, operates as a major electric power holding company. The company serves approximately 7.5 million electric customers across six states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
| Company Detail | Specific Information |
|---|---|
| Headquarters Location | Charlotte, North Carolina |
| Total Electric Customers | 7.5 million |
| States Served | 6 states |
Financial Performance in Latest Reporting Period
For the fiscal year 2023, Duke Energy reported the following key financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $25.7 billion |
| Net Income | $3.2 billion |
| Earnings Per Share | $4.61 |
Industry Leadership Position
Duke Energy ranks as one of the largest electric power holding companies in the United States, with significant market presence in regulated utility sectors.
- Largest electric utility in the United States by market capitalization
- Operates approximately 57,700 megawatts of electric generating capacity
- Maintains over 222,000 miles of electric transmission and distribution lines
| Utility Infrastructure | Measurement |
|---|---|
| Electric Generating Capacity | 57,700 megawatts |
| Transmission and Distribution Lines | 222,000 miles |
Mission Statement of Duke Energy Corporation (DUK)
Mission Statement of Duke Energy Corporation (DUK)
Duke Energy's mission statement focuses on delivering reliable, affordable, and sustainable energy solutions to customers across the Southeastern and Midwestern United States.
Core Components of Mission Statement
Energy Reliability
Duke Energy serves 7.5 million electric customers across 6 states. The company maintains 57,700 miles of transmission lines and 242,500 miles of distribution lines.
| Service Metric | Quantity |
|---|---|
| Electric Customers | 7.5 million |
| Transmission Lines | 57,700 miles |
| Distribution Lines | 242,500 miles |
Sustainability Commitment
Duke Energy targets 50% carbon reduction by 2030 and net-zero carbon emissions by 2050.
- Renewable energy portfolio: 9,700 megawatts
- Solar generation capacity: 3,100 megawatts
- Wind generation capacity: 1,200 megawatts
Financial Performance
2023 financial highlights demonstrate mission alignment:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $26.1 billion |
| Net Income | $3.8 billion |
| Capital Investments | $7.2 billion |
Vision Statement of Duke Energy Corporation (DUK)
Vision Statement of Duke Energy Corporation (DUK) in 2024
Core Vision ComponentsDuke Energy's vision focuses on three primary strategic dimensions:
- Clean Energy Transformation
- Customer-Centric Innovation
- Sustainable Infrastructure Development
Clean Energy Transformation
Duke Energy targets 50% carbon reduction by 2030 from 2005 baseline emissions. Current renewable energy portfolio includes:
| Energy Source | Capacity (MW) | Percentage |
|---|---|---|
| Solar | 4,700 | 22% |
| Wind | 2,300 | 11% |
| Hydroelectric | 1,200 | 6% |
Customer-Centric Innovation
Duke Energy investments in digital infrastructure:
- $1.2 billion allocated for smart grid technologies
- 98.6% reliability rate in service territories
- 2.3 million smart meters deployed
Sustainable Infrastructure Development
Capital expenditure projections for 2024-2028:
| Infrastructure Category | Investment ($B) |
|---|---|
| Renewable Energy | 8.5 |
| Grid Modernization | 6.2 |
| Energy Storage | 2.3 |
Core Values of Duke Energy Corporation (DUK)
Core Values of Duke Energy Corporation (DUK) in 2024
Safety First
Duke Energy's primary core value centers on safety for employees and communities.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Injury Rate | 0.72 per 200,000 hours worked |
| Annual Safety Training Hours | 168,000 employee hours |
| Safety Investment | $124.3 million |
Environmental Stewardship
Duke Energy demonstrates commitment to sustainable energy practices.
- Carbon Reduction Target: 50% by 2030
- Renewable Energy Portfolio: 8,500 MW
- Clean Energy Investment: $8.5 billion
Customer Commitment
Customer satisfaction and service remain critical priorities.
| Customer Service Metric | 2024 Performance |
|---|---|
| Customer Satisfaction Score | 4.2/5 |
| Annual Customer Interactions | 12.4 million |
| Digital Service Adoption | 67% |
Operational Excellence
Duke Energy focuses on efficient and reliable energy delivery.
- Grid Reliability Index: 99.98%
- Technology Investment: $620 million
- Operational Efficiency Savings: $245 million
Diversity and Inclusion
Commitment to workplace diversity and inclusive practices.
| Diversity Metric | 2024 Representation |
|---|---|
| Women in Leadership | 42% |
| Minority Workforce | 38% |
| Diversity Supplier Spend | $425 million |
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